HomeMy WebLinkAboutResolution 5036 Relating to the Application to the Big Sky Economic Development Trust Fund Program, on Behalf of Swarming Technology RESOLUTION NO. 5036
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF BOZEMAN,
MONTANA, RELATING TO THE APPLICATION TO BIG SKY ECONOMIC
DEVELOPMENT TRUST FUND PROGRAM ADMINISTERED BY THE STATE OF
MONTANA, DEPARTMENT OF COMMERCE, ON BEHALF OF SWARMING
TECHNOLOGY.
WHEREAS, the Bozeman City Commission is committed to facilitating economic
diversification in the City and the region; and
WHEREAS, the Bozeman City Commission is committed to facilitating mid- and high-
wage job creation and expansion,thus positively impacting the economy of the entire region; and
WHEREAS,Swarming Technology, desires to expand their business and create additional
technology jobs in Bozeman; and
WHEREAS, the City Commission has determined that, he technology sector has high
growth potential, supports mid to high wage jobs andsupp6rts economic diversity; and
WHEREAS,the Montana Department of Commerce administers the Big Sky Economic
Development Trust Fund Category I job creation program, a state-funded program,to create good
paying jobs for Montana residents,promote long-term, stable economic growth in Montana,create
partnerships, expand existing businesses and provide a better life for future generations through
greater economic growth and prosperity; and
WHEREAS,the City Commission hereby authorizes and appoints The Prospera Business
Network to administer, on behalf of the City of Bozeman, all aspects of the Big Sky Trust Fund
Economic Development Category I grant and provide administrative support and other
responsibility for the management and appropriate reporting to the Montana Department of
Commerce.
NOW, THEREFORE, BE IT RESOLVED by the City Commission of the City of
Bozeman, Montana, the City agrees to submit an application, through The Prospera Business
Network,to the Montana Department of Commerce, Big Sky Economic Development Trust Fund
Program to assist Swarming Technology in their expansion project and that The Prospera Business
Network will manage all aspects of the grant.
PASSED, ADOPTED, AND APPROVED by the City Commission of the City of
Bozeman, Montana, at a regular session thereof held on the 25th day of March, 2019.
'Q THIA L. RUS
Mayor
ATTEST: $O ZE .
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/ROBIN CROUGH •• \��3••a
City Clerk 9LLATIN CO VN
APPROVED AS TO FORM:
vi E s-u 7 T � vAg-E i �At A 2di 6lA
F vS"f.9 t City Attorney
VIII. CERTIFICATION BY LOCAL GOVERNMENT AND BUSINESS
As the responsible authorized agents of Local Government Applicant: City of Bozeman and Applicant Business:
Swarming Technology, LLC. we hereby submit this Big Sky Economic Development Trust Fund Application.
The information presented in this application is, to the best of our knowledge, true, complete and accurately
represents the proposed project. We understand that additional information and documentation may be required. In
addition, we understand that the local or tribal government applicant and the assisted business receiving BSTF
financial assistance are liable for the full amount of the award that is advanced by the Department if the assisted
business: misrepresents itself or its claims, fails to create or maintain the number of net new eligible jobs as specified
in the executed contract and assistance agreement, fails to inject the required amount of match into the project as
specified in the executed contract and assistance agreement, or ceases operations at the Project Site.
X The Applicant designates Paul Reichert at 406-587-3113 (at Prospera Business Network) as the authorized
contact for any additional Department requests for the release of additional information regarding this
application for BSTF funds.
Local Government Applicant: City of Bozeman will accept responsibility for management of the project and
compliance with Big Sky Economic Development Trust Fund regulations.
Applicant Business:Swarming Technology, LLC will accept responsibility for compliance with applicable Big Sky
Economic Development Trust Fund regulations as specified in this application.
Name
(typed): JJk!dJ6i-a- L. AyyIyI/ts Local Government
Title (typed):
:Chief 4El c fficia
Signature:
Date:
As the responsible authoriz d agents of the Assisted Business:Swarming Technology, LLC we hereby submit this
Big Sky Economic Development Trust Fund Application.
The information presented in this application is, to the best of our knowledge, true, complete and accurately
represents the proposed project. We understand that additional information and documentation may be required. In
addition,we understand that the local or tribal government applicant and the assisted business receiving BSTF
financial assistance are liable for the full amount of the award that is advanced by the Department if the assisted
business: misrepresents itself or its claims, fails to create or maintain the number of net new eligible jobs as specified
in the executed contract and assistance agreement, fails to inject the required amount of match into the project as
specified in the executed contract and assistance agreement, or ceases operations at the Project Site.
The assisted business agrees that the Montana Department of Commerce and the Montana Department of Revenue
may share financial and tax information related to this application.
Name
(typed): Assisted Business
Ian Baxter
Title (typed): CEO Swarming Technology, LLC
Authorized Representative
Signature: X
Date: 3/4/2019